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Hedge Fund Profits From Short Bets on Yellen -- Market Talk

DOW JONES & COMPANY, INC. 10:59 AM ET 08/22/14


10:59 EDT - Investors and traders who bet Yellen to disappoint scored today. Jason Evans, co-founder of hedge fund NineAlpha Capital, tells WSJ he held shorts in 2- and 5-year notes leading into the speech. He calls the bets a "small win," and that the speech wasn't a gamechanger to bring forward the timing for the first rate increase. The speech was " balanced. The Fed is still likely to move sometime in the middle of next year, but they keep open the 'if the data changes' option." The 10-year note is down 7/32, yielding 2.434%. ([e-mail]; @minzengwsj)


(END) Dow Jones Newswires
08-22-141059ET
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